The big six acquire lobbied against the curbing of their excessive profits. No wonder they’re not keen on measures that would support us use less of what they sellThe competition watchdog will on Thursday announce remedies aimed at addressing the dominance and excessive profits of the big six energy suppliers in the UK retail market. But the Competition and Markets Authority is set to yield to lobbying by the big six and drop plans for a safeguard price cap and,probably, lift a ban on multiple confusing tariffs. It has already turned its back on demands to atomize up these large utilities.
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Source: theguardian.com